REPORT: Karmann saved by VW's multi-million euro order for electric vehicles
 

Filed under: Green, Plants/Manufacturing, Volkswagen, Earnings/Financials
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Volkswagen has struck a deal worth "at least 10 million euros" with Wilhelm Karmann GmbH to keep the insolvent coachworks and specialty builder alive so it can reorganize a new company and "focus on building electric-powered cars." That's according to an unsourced report in the Neue Osnabruecker Zeitung that can be found on Bloomberg. A separate report on HLN.be says that the EV deal is worth 20 million euros, the fruits of which are expected to go on sale in 2011.

Earlier this year, Karmann showed off an EV concept called the E3 Limosine, co-developed with utility company Oldenburg Energy Group (EWE). Last October, Karmann said it would help build some of DuraCar's Quicc! DiVas EVs. Thanks to Frederik for the tip!


Gallery: eBay Find of the Day: electric 1974 Karmann Ghia
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[Source: Bloomberg, HLN.be]REPORT: Karmann saved by VW's multi-million euro order for electric vehicles originally appeared on Autoblog on Wed, 08 Jul 2009 17:58:00 EST. Please see our terms for use of feeds.


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